Revenue segments as reported by the company.

Casino

Rooms

Food and beverage

Entertainment, retail and other

Reimbursed costs

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

General and administrative

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Income from unconsolidated affiliates

Property transactions, net

Preopening and start-up expenses

Gain on REIT transactions, net

Gain on consolidation of CityCenter, net

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Year over year growth in Revenue and Operating Expenses.

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Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

MGM Resorts

Mandalay Bay is a 43-story luxury resort and casino on the Las Vegas Strip in Paradise, Nevada. It is owned and operated by MGM Resorts International. One of the property's towers operates as the Delano; the Four Seasons Hotel is independently operated within the Mandalay Bay tower, occupying 5 floors (35–39).

Mandalay Bay

Bellagio  is a resort, luxury hotel and casino on the Las Vegas Strip in Paradise, Nevada. It is owned and operated by MGM Resorts International and was built on the site of the demolished Dunes hotel and casino. Inspired by the Lake Como town of Bellagio in Italy, Bellagio is famed for its elegance. One of its most notable features is an 8-acre (3.2 ha) lake between the building and the Strip, which houses the Fountains of Bellagio, a large dancing water fountain synchronized to music.

Bellagio

Circus Circus Las Vegas is a hotel, 123,928 sq ft (11,513.3 m2) casino, and RV park located on the Las Vegas Strip in Winchester, Nevada. It is owned and operated by MGM Resorts International. Circus Circus features circus acts and carnival type games daily on the Midway.

Circus Circus Las Vegas

The Mirage is a 3,044 room Polynesian-themed resort and casino resort located on the Las Vegas Strip in Paradise, Nevada, United States. The resort was built by developer Steve Wynn and is currently owned and operated by MGM Resorts International.

The Mirage

The MGM Grand Las Vegas (formerly Marina and MGM-Marina) is a hotel and casino located on the Las Vegas Strip in Paradise, Nevada. The MGM Grand is the largest single hotel in the United States with 6,852 rooms. It is also the third-largest hotel complex in the world by number of rooms and second-largest hotel resort complex in the United States behind the combined The Venetian and The Palazzo. When it opened in 1993, the MGM Grand was the largest hotel complex in the world.

MGM Grand Las Vegas

Excalibur Hotel and Casino is a hotel and casino located on the Las Vegas Strip in Paradise, Nevada, in the United States. It is owned and operated by MGM Resorts International. Excalibur, named for the mythical sword of King Arthur, uses the Medieval theme in several ways. Its facade is a stylized image of a castle. Until 2007, a wizard-like figure representing Merlin looked out from a high turret (since replaced by a figure advertising Dick's Last Resort). Excalibur is situated at the Tropicana - Las Vegas Boulevard intersection. The hotel is linked by overhead pedestrian bridges to neighboring casinos to the north (New York-New York, across Tropicana Avenue) and to the east (Tropicana, across the Strip). A free tram connects Excalibur to its sister MGM Resorts International properties to the south, Luxor and Mandalay Bay.

Excalibur

MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The firm's casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. It operates through the following business segments: Las Vegas Strip Resorts, Regional Operations and MGM China. The Las Vegas Strip Resorts segment consists of the following casino resorts: Bellagio, MGM Grand Las Vegas, Mandalay Bay, The Mirage, Luxor, New York-New, Excalibur, Park MGM, and Circus Las Vegas. The Regional Operations segment consists of the following casino resorts: MGM Grand Detroit in Detroit, Michigan, Beau Rivage in Biloxi, Mississippi, Gold Strike Tunica in Tunica, Mississippi, Borgata in Atlantic City, New Jersey, MGM National Harbor in Prince George’s County, Maryland, and MGM Springfield in Springfield, Massachusetts. The MGM China segment consists of MGM Macau and MGM Cotai. The company was founded by Kerkor Kerkorian on January 29, 1986, and is headquartered in Las Vegas, NV.

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MGM Resorts posts record Q4 earnings, eyes growth opportunities

MGM Resorts delivered strong financial performance driven by record EBITDAR and room night growth.
The company's diverse portfolio and strategic initiatives position it well for future growth.
Challenges include dividend suspension, operational metrics scrutiny, and project uncertainties.
Opportunities lie in continued growth in Macau, digital ventures, and capital allocation strategy.

MGM Resorts reports robust Q1 performance and eyes global expansion

MGM Resorts demonstrated resilience and growth potential across regions, with a focus on profitability and sustained market share.
Strategic investments in property enhancements and digital gaming aim to drive revenue and attract diverse customer segments.
Balanced financial position enables MGM to pursue growth opportunities and navigate potential challenges effectively.
Overall, MGM's performance outlook is positive, with a strong emphasis on market expansion and operational efficiency.

MGM Resorts posts record revenues and BetMGM on track for profitability

MGM Resorts delivered strong financial results, with a focus on margin improvement, digital investments, and strategic acquisitions. BetMGM's positive trajectory towards profitability and loyalty program enhancements driving revenue growth. Challenges include regional revenue variations and competitive pressures in Macau.

MGM Resorts reports record Q3 revenue amidst cybersecurity challenges

MGM Resorts showcased strong financial performance in Q3 2023, driven by record revenues in MGM China and BetMGM, despite short-term challenges.
The company's strategic focus on reducing leverage, growing free cash flow, and prioritizing share repurchases positions it well for future growth and profitability.
Opportunities in gaming expansion in Dubai, iGaming markets, and strategic partnerships offer avenues for revenue diversification and market expansion.
Efficient management of challenges like cybersecurity issues, labor negotiations, and inflationary impacts demonstrates MGM's resilience and adaptability.

MGM Resorts achieves record Q4 results, eyes digital expansion

MGM Resorts' strong performance in 2023 sets a positive tone for 2024, with a focus on innovation, strategic expansion, and event-driven growth. While challenges exist, the company's proactive approach to opportunities positions it well for continued success.

MGM Resorts achieves record Q1 earnings, eyes global expansion

MGM Resorts delivered a standout performance in Q1 2024, driven by strong results in Las Vegas and MGM China. The company's focus on digital expansion, strategic financial decisions, and potential market expansions position it for continued growth and shareholder value creation.

MGM Resorts reports strong Q2 performance driven by luxury and digital growth

MGM Resorts' Q2 performance reflects a balanced growth strategy with a focus on luxury resorts and digital initiatives
Strong partnerships, profitability in BetMGM, and plans for share repurchases signal a positive outlook for the company
While facing challenges in a competitive market, MGM's strategic investments and focus on cash flow generation position it for future success

MGM Resorts reports record Q3 performance and outlines growth strategies

MGM Resorts delivered a robust performance in Q3, driven by record revenues and EBITDAR across segments, showcasing operational strength
BetMGM's success in profitability and online gaming highlights its strategic positioning in the digital market landscape
Challenges include managing expenses, regulatory compliance, and sustaining growth momentum amidst industry competition
Future opportunities center on strategic expansion, market diversification, and innovation to drive sustained value creation

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DraftKings

Flutter Entertainment PLC

People have been placing their bullish bets on the sports betting stocks of late, with the broader basket gaining considerable momentum. While the Magnificent Seven stocks stole the show (yet again) this earnings season, I think other corners of tech are more than worthy of the attention of growth-savvy investors.

Game On: 3 Sports Betting Stocks Worthy of a Wager

Caesars Entertainment

Wynn Resorts

LAS VEGAS — A union representing hospitality workers has reached a tentative agreement with four hotel-casinos in downtown Las Vegas as employees at three other properties remained poised to strike Monday when the city kicks off Super Bowl week.

Union reaches deal with 4 Las Vegas hotel-casinos; 3 others still poised to strike at start of Super Bowl week

Las Vegas Sands

Both brick-and-mortar and online gambling markets are indeed expanding. On the brick-and-mortar side, Japan and New York are adding new casinos, while Texas appears to be moving in that direction.

3 Stocks to Bet On for the Growth in Gambling Markets

MGM (MGM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why MGM (MGM) Could Beat Earnings Estimates Again

Las Vegas and Macau could see a significant increase in arrivals during the game weekend and Chinese New Year, respectively. MGM's presence in both markets, along with BetMGM, could lead to strong earnings in 1Q24. The upcoming gaming events and potential expansion in New York could serve as catalysts for MGM's revenue and earnings growth.

MGM Resorts: Super Bowl And Chinese New Year Together Pose Unprecedented Upside Catalyst For Q1

LAS VEGAS , Jan. 9, 2024 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") will release its financial results for the fourth quarter and full year 2023 after the market closes on Tuesday, February 13, 2024. MGM Resorts will host a conference call that day at 5:00 p.m.

MGM Resorts International Announces Fourth Quarter and Full Year 2023 Earnings Release Date

The hospitality and entertainment sector has weathered immense challenges recently, from the global pandemic to inflation and uncertainties around interest rates. These external shocks put immense pressure on the industry, plunging valuations for major casino and resort companies.

Roll the Dice: 3 Winning Casino Stocks to Bet On Now

Peloton

Spotify

Spotify has user and price growth at its back for the foreseeable future. MGM Resorts is growing with its core markets and adding Japan to the resort base by 2030.

Prediction: These Could Be the Best Growth Stocks in 2030

MGM Resorts (MGM) focuses on omni-channel marketing offerings to drive growth. However, a volatile macroeconomic environment is a concern.

Here's Why Investors Should Retain MGM Resorts (MGM) Stock

Celsius Holdings

Lululemon Athletica

The economy seems to have entered a “golden” period of strong growth, a solid labor market, rising incomes, falling interest rates, and declining inflation. In this “best-of-all-worlds” environment, consumer discretionary stocks should thrive.

Top 3 Consumer Discretionary Stock Picks for the New Year

Contribution strengthens MGM Resorts' continued support of responsible gaming research  LAS VEGAS , Dec. 21, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") announced today that it has donated $360,000 to the International Center for Responsible Gaming (ICRG) in support of two 2-year research projects designed to understand, prevent and address potential risks associated with gambling. "These research projects are critical to the continued success of the industry and are in the best interest of our guests, company, employees, and the communities where we operate," said Stephen Martino, Senior Vice President & Chief Compliance Officer, MGM Resorts.

MGM RESORTS PROVIDES $360,000 DONATION TO INTERNATIONAL CENTER FOR RESPONSIBLE GAMING

MGM Resorts' (MGM) BetMGM and National Hockey League announce a North American multi-year partnership extension featuring BetMGM's branding in the United States.

MGM Resorts' (MGM) BetMGM, NHL Extend Multi-Year Partnership

Intel

Plug Power

Momentous, positive catalysts can cause stocks to rocket a great deal higher in relatively short amounts of time. For example, Microsoft (NASDAQ: MSFT ) stock was lifted by tremendous optimism about the revenue that it will generate from AI.

3 Stocks to Watch for Major Upcoming Catalysts

Amenity makes sports & entertainment offerings more inclusive for children and adults on the autism spectrum LAS VEGAS , Dec. 12, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") has partnered with nonprofit organization KultureCity to introduce two sensory pods at T-Mobile Arena in Las Vegas. Designed by medical professionals, the rooms provide a dedicated space for those who may need a quieter and more secure environment.

MGM Resorts Expands Partnership with KultureCity to Provide Sensory Pods at T-Mobile Arena

MGM (MGM) reported earnings 30 days ago. What's next for the stock?

Why Is MGM (MGM) Up 4.2% Since Last Earnings Report?

MGM Resorts International stock price resistance continues as investors remain unconvinced about the casino sector's growth prospects. The company has managed its global reach well and has seen positive performance in its various markets. MGM's debt profile, including long-term lease obligations, may be impacting its valuation, but its record of growth and performance should not be overlooked.

MGM Resorts: Market Misses This Outstanding Value Buy Despite Ongoing Performance

MGM stock has undergone a meaningful retreat from its summer high. How much September's cyberattack has contributed to this is open to debate, but the impact on its business should prove transient. Business in Macau has recovered from harsh COVID containment policies in Greater China, while Vegas is otherwise booming outside of September's blip.

MGM Resorts: Shares Look Attractive Amid Recovery In Macau

LAS VEGAS , Dec. 5, 2023 /PRNewswire/ -- BetMGM, LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain") will participate in the 2023 Morgan Stanley Global Consumer and Retail Conference in New York on Wednesday, December 6, 2023. A fireside chat with BetMGM's CEO Adam Greenblatt and CFO Gary Deutsch is scheduled at 5:00 a.m.

BetMGM CEO and CFO to participate in 2023 Morgan Stanley Global Consumer and Retail Conference

MGM Resorts' (MGM) sports betting and iGaming partner BetMGM provides business update.

MGM Resorts' (MGM) BetMGM Targets $500M EBITDA in 2026

MGM Resorts International (NYSE:MGM ) BetMGM Business Update Conference Call December 4, 2023 11:00 AM ET Company Participants Adam Greenblatt - CEO, BetMGM Gary Deutsch - CFO, BetMGM Conference Call Participants Ed Young - Morgan Stanley Joe Greff - JPMorgan Carlo Santarelli - Deutsche Bank Shaun Kelley - Bank of America Stephen Grambling - Morgan Stanley Dan Politzer - Wells Fargo Brandt Montour - Barclays Joe Thomas - HSBC Robin Farley - UBS Chad Beynon - Macquarie Joe Stauff - Susquehanna Operator Good day and welcome to the 2023 BetMGM Business Update. Joining from the Company today are Adam Greenblatt, Chief Executive Officer and Gary Deutsch, Chief Financial Officer.

MGM Resorts International (MGM) BetMGM Business Update Conference (Transcript)

Business on Track with Key Enhancements to Drive Sustainable Growth LAS VEGAS , Dec. 4, 2023 /PRNewswire/ -- BetMGM, LLC ("BetMGM"), one of the leading sports betting and iGaming operators across the U.S., jointly owned by MGM Resorts International (NYSE: MGM) ("MGM Resorts") and Entain plc (LSE: ENT) ("Entain") will host a business update for analysts and investors at 11:00 a.m. Eastern Time today.

BetMGM Business Update

Penn Entertainment

Unions representing casino workers in Detroit have voted to ratify a new contract with MGM Grand Detroit operated by MGM Resorts , Hollywood Casino at Greektown operated by Penn Entertainment and MotorCity Casino, Unite Here union said on Saturday.

Detroit Casino Council ratify contract with MGM, Penn

Melco Resorts and Entertainment

With both the Chinese gambling hub of Macau and Las Vegas casinos doing very well, this is an excellent time to buy the top gambling stocks. In Macau, gross gaming revenue (GGR) soared 400% last month versus the same period in 2022 to $2.42 billion.

Roll the Dice on These 3 Gambling Stocks for Big-Win Potential

If Granted Full-Scale Commercial Casino License, Empire City Casino b y  MGM Resorts Will Transition into MGM Empire City; MGM Empire City Will Feature World-Class Entertainment Venue,  Exciting New Dining Experiences and More  Additional images and sizzle reel available at https://bit.ly/MGMEmpireCity YONKERS, N.Y. , Nov. 30, 2023 /PRNewswire/ -- MGM Resorts International (NYSE: MGM) today unveiled its vision to transition Empire City Casino by MGM Resorts into a world-class entertainment destination, MGM Empire City, if awarded a commercial casino license for its historic Yonkers, New York site.

MGM RESORTS UNVEILS VISION FOR MGM EMPIRE CITY

MGM Resorts International (NYSE:MGM ) Bank of America Leveraged Finance Conference Call November 28, 2023 3:30 PM ET Company Participants Jonathan Halkyard - CFO & Treasurer Conference Call Participants James Kayler - Bank of America Merrill Lynch James Kayler I think there might be a few more people wandering, and will kick this off. The clock to start.

News for MGM Resorts Stock (MGM)